The FXOpen Decision Map
The FXOpen Decision Map
| Decision Question | FxFind Finding |
|---|---|
| Main reason to consider it | ECN accounts offer floating spreads from 0.0 pips, commission-based pricing and access to MT4, MT5 and TickTrader. |
| Main limitation | Leverage, protections, platform features and payment conditions depend on the client’s entity, classification and account setup. |
| Most natural fit | Moderately experienced and advanced traders, particularly ECN scalpers and traders using Expert Advisors. |
| Relevant account/platform setup | Basic ECN, Classic ECN, Advanced ECN and Elite ECN; platforms include MT4, MT5 and TickTrader. |
| FxFind Rating | 8.39/10 |
View the FxFind rating breakdown
| Category | Score |
|---|---|
| Trust and Safety | 8.7/10 |
| Fees and Commissions | 9.0/10 |
| Deposits and Withdrawals | 8.0/10 |
| Tradable Instruments | 7.5/10 |
| Setup | 8.5/10 |
| Account Opening | 8.5/10 |
| Customer Support | 8.0/10 |
| Trading Conditions | 9.0/10 |
| Market Research and Education | 6.5/10 |
The key question is whether ECN pricing and platform choice suit your strategy, given that the serving entity can affect leverage and protections.
What stands out
- ECN pricing has floating spreads from 0.0 pips, with commissions tiered by account balance and trading volume.
- MT4, MT5 and TickTrader support different manual and automated trading setups.
- UK and Cyprus entities are regulated by the FCA and CySEC, respectively.
What to weigh up
- Retail leverage and client protections vary by legal entity and client classification.
- Withdrawals may incur method-dependent charges, and inactive accounts can be charged $10 per month after 90 days.
- Clients in the United States, Belgium, Czech Republic, Japan and Canada are restricted.
FXOpen by Client Region and Legal Entity
8.7/10
Legal Entities by Client Region
| Client Location / Group | Contracting Entity | Regulator | Licence | What Changes for the Client |
|---|---|---|---|---|
| EEA / Cyprus | FXOpen EU Ltd | CySEC | 194/13 | The Cyprus/EEA MiFID framework applies. Retail leverage, product rules, complaint arrangements and investor-protection eligibility differ from those of offshore entities. |
| United Kingdom | FXOpen Ltd | FCA | 579202 | The UK FCA framework applies, including retail-client leverage and product rules, client-money safeguards, and relevant complaint or compensation routes. |
Protection by Entity
FXOpen segregates retail client funds from its corporate funds. For UK retail clients, the Financial Services Compensation Scheme provides protection up to £85,000 if the broker becomes insolvent. Negative balance protection applies to clients under the UK and Cyprus entities; it is typically not offered by the international offshore branch.
FXOpen was founded in 2005 and is not publicly traded.
Trading Costs by Account and Instrument
9/10
Representative Trading Costs
| Instrument | Spread Basis | Commission | Important Condition |
|---|---|---|---|
| EUR/USD | Broker-reported average: 1.2 pips | Forex and metals ECN commissions range from $1.50 to $3.50 per lot per side. | Commission depends on balance, volume and asset. Lower rates apply to qualifying larger accounts or high-volume traders; retail traders with balances below $1,000 can pay up to $3.50 per lot per side. |
| GBP/USD | Broker-reported average: 1.5 pips | Forex and metals ECN commissions range from $1.50 to $3.50 per lot per side. | Commission depends on balance, volume and asset. |
| Gold (XAU/USD) | Broker-reported average: 0.3 points | Forex and metals ECN commissions range from $1.50 to $3.50 per lot per side. | Commission depends on balance, volume and asset. |
| S&P 500 CFD | Broker-reported average: 0.9 points | 0% commission; spread applies. | Index CFDs are subject to spread costs. |
| US stocks | Not publicly specified as a fixed figure; check the broker’s current live spread or contract specification. | 0.1% per side, with a minimum of $1 per order. | Share CFDs do not confer ownership or voting rights. |
| Cryptocurrencies | Not publicly specified as a fixed figure; check the broker’s current live spread or contract specification. | Usually 0.03%–0.08%. | Commission varies by platform and order type. |
The reported average spreads are not assigned to specific account tiers, so they do not represent a complete all-in cost. ECN traders should account for both the spread and the commission applicable to their balance and trading volume.
Costs Outside the Trade
| Trader Behavior | Possible Cost | Broker Rule |
|---|---|---|
| Holding positions overnight | Swap or rollover charge | Swaps are added or deducted between 23:59 and 00:05 server time. Swap-free accounts are available for Muslim clients on STP and ECN accounts; an additional commission equivalent to the swap rate can apply to overnight positions. |
| Leaving an account inactive | $10 per month | Charged after 90 days with no trades or open positions. An archived account may incur a one-time $50 reactivation fee. |
| Withdrawing funds | Method- and entity-dependent | International bank wires can cost $30 USD or €25 EUR; card and e-wallet charges may also apply. The amount depends on the route and region. |
| Depositing funds | Payment-provider or processing charge | Deposits are generally free, but some gateways may charge 1%. Intermediaries or payment providers may also apply separate charges. |
| Using a different currency from the account base currency | Conversion rate or intermediary cost | FXOpen applies an internal exchange rate to transfers between different currencies; payment processors may add costs. |
Trading frequency, holding time, account activity and withdrawal route all affect total costs. The quoted spread alone does not include ECN commissions or charges incurred outside trading.
Key Trade-Offs to Consider
Raw spreads carry a separate commission
ECN spreads start from 0.0 pips, but FXOpen charges a separate commission on forex and metals trades. Since the commission depends on balance and volume, traders comparing FXOpen with spread-only pricing should assess the combined spread and per-side charge against their own trading activity.
High leverage depends on the entity and client classification
FXOpen’s international offering lists leverage up to 1:500 for forex, while UK and EU retail clients face lower regulatory limits. This matters to traders who size positions around high leverage: the international maximum is not available under every account arrangement.
Platform choice does not make every feature equally portable
FXOpen supports MT4, MT5 and TickTrader, with automated strategies available on desktop setups. MT4 and MT5 web and mobile clients lack the full desktop EA and custom-code environment, while TickTrader automation requires platform and account setup. Desktop automation is more readily supported than equivalent use through a phone or browser.
Build a Trading Setup
8.5/10
Account and Platform Compatibility
| Account | Compatible Platforms | Pricing Model | Automation | Important Constraint | Natural Use Case |
|---|---|---|---|---|---|
| Basic ECN | TickTrader / MT4 / MT5 / TradingView where available | Floating spreads from 0.0 pips; commission-based ECN pricing. | Platform-dependent; desktop MT4/MT5 Expert Advisors are supported. | Qualification is primarily by equity and volume; there is no single universal minimum deposit for this tier. | Entry ECN tier for traders seeking ECN pricing. |
| Classic ECN | TickTrader / MT4 / MT5 / TradingView where available | Floating spreads from 0.0 pips; commission-based ECN pricing. | Platform-dependent; desktop MT4/MT5 Expert Advisors are supported. | Mid-tier pricing; tiering is based on balance and volume. | Traders whose balance or volume qualifies for mid-tier ECN pricing. |
| Advanced ECN | TickTrader / MT4 / MT5 / TradingView where available | Floating spreads from 0.0 pips; FX commission about $1.80 per side with qualifying equity or volume. | Platform-dependent; desktop MT4/MT5 Expert Advisors are supported. | Commission qualification depends on equity and volume; platform availability can vary. | Traders meeting the tier’s balance or volume conditions. |
| Elite ECN | TickTrader / MT4 / MT5 / TradingView where available | Floating spreads from 0.0 pips; FX commission about $1.50 per side with the highest qualifying equity or volume. | Platform-dependent; desktop MT4/MT5 Expert Advisors are supported. | The lowest cited FX commission requires the highest qualifying equity or volume. | High-volume or higher-equity traders qualifying for the top ECN tier. |
Platform-Specific Differences
| Platform | Web | Desktop | Mobile | Automation | Main Limitation |
|---|---|---|---|---|---|
| TickTrader | Yes | Yes | Yes | REST, WebSocket and FIX connections; automated strategies. | Automation is developer-oriented and may require broker setup. |
| MetaTrader 4 | Yes — WebTrader | Yes | Yes — iOS and Android | MQL4 Expert Advisors on desktop or VPS. | Full EA and custom-script functionality is centred on desktop/VPS. |
| MetaTrader 5 | Yes — WebTerminal | Yes | Yes — iOS and Android | MQL5 Expert Advisors and strategy testing on desktop or VPS. | Full EA development and testing are centred on desktop/VPS. |
Practical Setup Assessment
Manual traders can use TickTrader, MT4 or MT5. Expert Advisor users have desktop MT4/MT5 and VPS options. FXOpen also offers copy trading through its PAMM service and third-party networks, including ZuluTrade and Myfxbook; PAMM and social features are unavailable to UK retail clients. TickTrader supports API-based automation, which requires a developer-oriented setup.
Trading Conditions and Position Management
9/10
Entering the Market
FXOpen uses market execution on ECN and STP accounts. Orders are filled at the best available price, so slippage can occur during sharp price movements, including around news. Traders can set a slippage tolerance for market or stop orders. If available liquidity cannot fill the full size within that limit, the order may be partially filled and the remainder cancelled. Positive slippage is passed to the trader.
Leverage
The maximum retail leverage figures below apply to FXOpen’s international offering. UK and EU retail accounts are subject to lower regulatory limits: up to 1:30 for major FX pairs, 1:20 for minor FX and gold, 1:10 for energies and 1:2 for cryptocurrencies. International maximums can also decrease for larger positions or during volatile conditions.
| Market | Maximum Retail Leverage | Professional / Other Eligible Leverage | What Determines It |
|---|---|---|---|
| Forex | 1:500 | - | International offering; the maximum can fall with larger positions, during volatility or news, or under another entity. |
| Indices | 1:100 | - | International offering; the maximum can fall with larger positions, during volatility or news, or under another entity. |
| Commodities | 1:100 | - | International offering; the maximum can fall with larger positions, during volatility or news, or under another entity. |
| Stocks | 1:5 | - | International offering; leverage and product treatment can vary by instrument, platform, account type or legal entity. |
| Cryptocurrencies | 1:20 | - | International offering; access and maximum leverage can vary by entity and may fall during volatile conditions or for larger positions. |
| Other | 1:5 | - | ETF CFD offering; leverage and product treatment can vary by instrument, platform, account type or legal entity. |
Margin Calls and Stop-Outs
FXOpen’s margin call level is 100%, and its stop-out level is 50%.
Trading Restrictions
| Trading Activity | Status | Important Conditions |
|---|---|---|
| Scalping | Allowed | FXOpen permits scalping, including trades lasting seconds, and supports Expert Advisors. |
| Hedging | Allowed | Buy and sell positions can be held simultaneously on the same instrument; margin may still be required. |
| News trading | Allowed with order restrictions | During specified freeze times around major announcements, pending Buy Stop and Sell Stop orders cannot be placed, closed, modified or deleted. Stop orders after a price gap execute at the first available quote. |
| Automated trading | Supported | Expert Advisors are supported; TickTrader also supports automated strategies and developer connections. |
Tradable Markets: Range and Restrictions
7.5/10
Tradable Markets: Range and Restrictions
| Asset Class | Approx. Instruments | What Is Notable | Main Restriction / Gap |
|---|---|---|---|
| Forex | 50+ | Margin FX trading; swaps may apply. | Maximum leverage can fall at larger position sizes, during volatility or news, or under another legal entity. No separate professional/eligible-client leverage tier is publicly stated for this offering. |
| Indices | 9 | Index CFDs; no direct index ownership. | Maximum leverage can fall at larger position sizes, during volatility or news, or under another legal entity. No separate professional/eligible-client leverage tier is publicly stated for this offering. |
| Commodities | 5 | Spot- and futures-referenced commodity derivatives. | Maximum leverage can fall at larger position sizes, during volatility or news, or under another legal entity. No separate professional/eligible-client leverage tier is publicly stated for this offering. |
| Stocks | 600+ | Share CFDs; no ownership or voting rights. | Leverage and product treatment can vary by instrument, platform, account type or legal entity; use the applicable schedule for exact conditions. |
| Bonds | Not Offered | - | - |
| Cryptocurrencies | 39 | Crypto access varies by entity and jurisdiction. | Maximum leverage can fall at larger position sizes, during volatility or news, or under another legal entity. No separate professional/eligible-client leverage tier is publicly stated for this offering. |
| Other | 19 | ETFs, futures, options and other markets. | Leverage and product treatment can vary by instrument, platform, account type or legal entity; use the applicable schedule for exact conditions. |
Stock and index products listed here are CFDs, not direct ownership of the underlying shares or indices. FXOpen does not offer bonds.
Opening, Funding, and Withdrawing From an Account
Account Opening and Verification
FXOpen requires identity and address verification before clients can fully fund an account and trade. Accepted identity documents include a valid passport, national ID card, driving licence or residence permit; the document must remain valid for at least three months. Proof of address can be a utility bill, bank statement, tax return or council tax bill dated within the previous three months and showing the client’s full name and address. Verification typically takes up to 48 hours on business days.
The general minimum deposit depends on the account type: $300, £300 or €300 for ECN and $10 for STP. The ECN account is designed for experienced traders and offers raw spreads from 0.0 pips with commission; STP offers variable spreads with commission included in the spread. The listed account tiers are Basic ECN, Classic ECN, Advanced ECN and Elite ECN.
FXOpen does not accept clients from the United States, Belgium, Czech Republic, Japan or Canada.
Deposit Methods
| Method | Deposit Minimum | Broker Fee | Expected Arrival | Important Restriction |
|---|---|---|---|---|
| Advcash | $10 | Varies by entity/payment method, check Client Portal | Instant within minutes | ADVCash is now Volet.com. Availability depends on your country, account verification and the services supported by the broker. |
| Bitcoin | $10 | Varies by entity/payment method, check Client Portal | Instant within minutes | Send BTC only to the Bitcoin address and network shown in the deposit instructions. Transfers sent incorrectly may be irreversible. |
| Epay | $10 | Varies by entity/payment method, check Client Portal | Instant within minutes | Availability depends on the specific ePay service offered at checkout. Country, currency, verification and transaction limits may apply. |
| Fasapay | $10 | Varies by entity/payment method, check Client Portal | Instant within minutes | Requires an eligible FasaPay account. Country availability, account verification and transaction limits may apply. |
| Mastercard | $10 | 0% for UK/EU entities, may vary by entity/region | Instant within minutes | Your card must support online payments and be accepted by the broker. Issuer, country, currency and authentication limits may apply. |
| Neteller | $10 | Varies by entity/payment method, check Client Portal | Instant within minutes | Requires an eligible NETELLER account. Country availability, account verification and transaction limits may apply. |
| SEPA | $10 | Varies by entity/payment method, check Client Portal | 3–5 business days | Available for EUR transfers through participating SEPA institutions. Use the correct IBAN and payment reference. |
| Skrill | $10 | Varies by entity/payment method, check Client Portal | Instant within minutes | Requires an eligible Skrill account. Country availability, account verification and transaction limits may apply. |
| Tether | $10 | Varies by entity/payment method, check Client Portal | Instant within minutes | USDT is available on multiple networks. Use only the exact network and address shown in the deposit instructions; a network mismatch may result in permanent loss. |
| Visa | $10 | 0% for UK/EU entities, may vary by entity/region | Instant within minutes | Your card must support online payments and be accepted by the broker. Issuer, country, currency and authentication limits may apply. |
| Wire Transfer | $10 | 0% for UK/EU entities, may vary by entity/region | 3–5 business days | Use the exact beneficiary, bank details and payment reference provided. Intermediary bank fees, currency conversion and processing delays may apply. |
Withdrawal Methods
| Method | Withdrawal Minimum | Broker Fee | Expected Arrival | Important Restriction |
|---|---|---|---|---|
| Advcash | $1 | Entity/method-dependent, see current FXOpen fee schedule | Within 24 hours | ADVCash is now Volet.com; availability depends on country, verification and broker support. |
| Bitcoin | $1 | Entity/method-dependent, see current FXOpen fee schedule | Within 24 hours plus blockchain confirmation | Use a valid Bitcoin address and supported network; crypto withdrawals are irreversible. |
| Epay | $1 | Entity/method-dependent, see current FXOpen fee schedule | Within 24 hours | Availability, verification, currency and payout limits depend on the broker integration. |
| Fasapay | $1 | Entity/method-dependent, see current FXOpen fee schedule | Within 24 hours | Requires an eligible FasaPay account; country, verification and limits apply. |
| Mastercard | €1–10 equivalent depending entity | Entity-dependent, EU schedule shows 0% | Within 24 hours broker processing; issuer settlement may be additional | Available only through supported card-payout or refund routes; issuer and regional restrictions apply. |
| Neteller | $1 | Entity/method-dependent, see current FXOpen fee schedule | Within 24 hours | Requires an eligible NETELLER account; verification, country and wallet limits apply. |
| SEPA | $1 | Entity-dependent, EU schedule may be free/route-specific | About 3 working days for bank wire | EUR transfers to eligible SEPA accounts only; use the correct IBAN and recipient details. |
| Skrill | $1 | Entity/method-dependent, see current FXOpen fee schedule | Within 24 hours | Requires an eligible Skrill account; verification, country and wallet limits apply. |
| Tether | $1 | Entity/method-dependent, see current FXOpen fee schedule | Within 24 hours plus blockchain confirmation | USDT uses multiple networks; choose the exact supported network or funds may be lost. |
| Visa | €1–10 equivalent depending entity | Entity-dependent, EU schedule shows 0% | Within 24 hours broker processing; issuer settlement may be additional | Available only through supported card-payout or refund routes; issuer and regional restrictions apply. |
| Wire Transfer | 30–50 account-currency units depending entity | Entity-dependent, EU example - €15 / £15 / $30 | About 3 working days for bank wire | Enter bank, recipient and SWIFT/BIC details exactly; fees and processing delays may apply. |
Payment Rules
Card withdrawals are available only through supported card-payout or refund routes. Processing times and charges depend on the payment method and entity; crypto transfers also require the correct network and address.
Deposit methods
Withdrawal methods
Customer Support
8/10
Customer Support Channels
| Route | Access | Hours | Human / Automated | Languages / Conditions |
|---|---|---|---|---|
| Support ticket or email | 24/7 intake; staffed handling Monday 07:00–Friday 16:00 GMT | Human / agent-assisted | English, French, German, Russian, Arabic, Chinese, Indonesian and Thai; entity and channel availability may vary; verification may be required. | |
| Live Chat | Live chat | 24/5 | Human / agent-assisted | English, French, German, Russian, Arabic, Chinese, Indonesian and Thai; entity and channel availability may vary. |
| Phone | Trading Desk | Sunday 22:00–Friday 22:00 GMT | Human / agent-assisted | English, French, German, Russian, Arabic, Chinese, Indonesian and Thai; entity and channel availability may vary. |
Customer feedback suggests straightforward requests are often resolved successfully, while funding support and communication in complex cases are less consistent.
Research, Trading Tools, and Education
6.5/10
Research, Market Data and Learning
| User Need | Available Resources | Provider | Access Requirement | Depth / Limitation |
|---|---|---|---|---|
| Follow scheduled market events | Economic calendar | FXOpen; underlying data vendor not identified. | Public-versus-login access is not specified and may vary by entity or platform. | Scheduled macroeconomic events with actual, forecast and previous data; it does not cover unscheduled news or every market-moving event. |
| Read market commentary and headlines | Market analysis and market news | FXOpen content; external news vendor not identified. | Availability can vary by entity and platform. | Commentary coverage and publishing frequency vary; the news feed may not include every relevant source. |
| Access financial information | Financial data | FXOpen platform market data; underlying venue or vendor varies by instrument and is not identified. | Access and real-time status vary by instrument, venue and data entitlement; login or exchange permissions may be required. | Reference and fundamental data can be affected by reporting lags, revisions and vendor methodology. |
| Build trading knowledge | Help Center, video tutorials and online courses | FXOpen | Access conditions are not stated as a single universal rule; availability may vary by account, platform, region or login status. | Learning resources are available; their depth and coverage are not specified. |
Who FXOpen Fits
Trader Profiles
| Trader Profile | Why It May Suit Them | Main Reservation |
|---|---|---|
| ECN scalpers | FXOpen allows scalping and offers ECN spreads from 0.0 pips with commission-based pricing. | Trading costs include both spread and commission, and market execution can involve slippage. |
| Traders using Expert Advisors | MT4 and MT5 support desktop Expert Advisors, and FXOpen offers VPS hosting. | Full EA functionality is desktop/VPS-centric; the free VPS offer requires at least $5,000 account equity or $10,000,000 in monthly trading volume, otherwise the service costs $30 per month. |
| Higher-volume ECN traders | FXOpen’s ECN commission tiers offer lower charges for qualifying balances or trading volumes. | Lower per-side commissions require meeting the relevant account-tier conditions. |
| UK or Cyprus retail clients prioritising regulated protections | FXOpen has FCA-regulated UK and CySEC-regulated Cyprus entities; UK retail clients are eligible for FSCS protection up to £85,000. | Retail leverage is lower than the international maximum, and some social trading features are unavailable to UK retail clients. |
Before you deposit
Key conditions to verify before funding
Tick each check off as you confirm it on the broker’s own site. Your ticks stay in this browser only.
0/ 5 checks confirmed
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01 Account minimum Read the checkHide the check
The general minimum is $300, £300 or €300 for ECN and $10 for STP; ECN tier qualification may also depend on equity and trading volume.
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02 Legal entity and leverage Read the checkHide the check
Check which FXOpen entity will serve your account: UK and EU retail leverage limits are lower than those of the international offering, and protections differ by entity.
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03 Withdrawal charges Read the checkHide the check
Withdrawal fees and minimums depend on method and entity; international bank wires can cost $30 USD or €25 EUR.
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04 Inactivity charge Read the checkHide the check
An account with no trades or open positions for 90 days is charged $10 per month; reactivating an archived account can cost $50.
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05 Country eligibility Read the checkHide the check
FXOpen restricts clients from the United States, Belgium, Czech Republic, Japan and Canada.
All checks done. Confirm the final terms on FXOpen’s site before you fund. Open an account
FxFind's Assessment on FXOpen
FXOpen’s ECN structure combines floating spreads from 0.0 pips with commissions tiered by balance and volume, alongside access to MT4, MT5 and TickTrader. These features provide several routes for active trading and automation, but the spread is only part of the cost. Commissions, possible withdrawal fees, and entity-specific leverage and protections also affect the account’s terms.
This setup is most relevant to experienced traders able to assess all-in costs, use desktop automation where needed and qualify for an ECN tier suited to their activity. Traders seeking uniform leverage, predictable withdrawal charges or social trading under the UK retail entity may find the arrangements less suitable. Platform choice does not remove the need to compare the specific entity and payment route attached to an account.
Review method: FxFind’s assessment uses the broker’s product and pricing information, regulatory and entity details, platform and support information, and FxFind category scores. See the FxFind Broker Review Methodology for scoring criteria and weightings.
Questions Readers Usually Have About FXOpen
01 Which FXOpen entities serve UK and Cyprus clients?
<p>FXOpen Ltd is regulated by the FCA for UK clients, while FXOpen EU Ltd is regulated by CySEC for the EEA/Cyprus group. The entity affects retail leverage, protections and complaint arrangements.</p>
02 What is the minimum deposit at FXOpen?
<p>The general minimum is $300, £300 or €300 for an ECN account and $10 for an STP account. ECN tier qualification can also depend on account equity and trading volume.</p>
03 How are FXOpen ECN commissions charged?
<p>Forex and metals commissions range from $1.50 to $3.50 per lot per side, depending on balance and volume. The spread is charged separately, so both components contribute to the total trading cost.</p>
04 What leverage is available at FXOpen?
<p>The international offering lists maximum retail leverage of 1:500 for forex, while UK and EU retail limits are lower, including 1:30 for major FX pairs and 1:2 for cryptocurrencies. Maximum leverage can also fall for larger positions or in volatile conditions.</p>
05 Does FXOpen allow scalping and automated trading?
<p>FXOpen allows scalping and supports Expert Advisors on desktop MT4 and MT5. TickTrader also supports automated strategies, though setup may require technical configuration.</p>
06 Does FXOpen charge inactivity or withdrawal fees?
<p>An account with no trades or open positions for 90 days is charged $10 per month; an archived account may incur a one-time $50 reactivation fee. Withdrawal charges vary by method and entity, with international bank wires commonly costing $30 USD or €25 EUR.</p>
07 Can UK retail clients use FXOpen PAMM and social trading?
<p>No. PAMM and social trading features are unavailable to retail clients trading under FXOpen UK, though these tools are available under other global or European entities where permitted.</p>
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